Observations and Reminscences from world of hot and cold rolled steel strip

Tuesday, September 15, 2009

Corus to increase Strip Mill Prices

We have just heard that Corus are to increase strip mill prices by £30 to £50 dependant upon grade.

Increased demand due to customer destocking is given as the reason.

At a time when some grades are in short supply we have little doubt that they will succeed in implementing the increase. However at a time when signs of recovery remain very fragile and real demand low, it’s unlikely that any level of increase can be maintained beyond the short term.